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This market rally has done a good job
Posted on 4/9/20 at 5:38 pm
Posted on 4/9/20 at 5:38 pm
of pausing and pulling back just enough to digest its gains. This has allowed the rally to continue and frustrate the hell out of shorts.
I thought 2800-2850 would most likely be the end. But the market continues to methodically climb the “wall of worry”. Until we see some real exuberance and acceptance of this rally I don’t see it stopping.
It looks like a testing of the moving averages from 2900 to 3000 is the most likely scenario now.
I thought 2800-2850 would most likely be the end. But the market continues to methodically climb the “wall of worry”. Until we see some real exuberance and acceptance of this rally I don’t see it stopping.
It looks like a testing of the moving averages from 2900 to 3000 is the most likely scenario now.
Posted on 4/9/20 at 8:36 pm to Lgrnwd
I changed my thought process a couple of days ago. Originally thought we were going to retest lows soon. Over the last few days I’ve realized that won’t happen soon. Go long buy stocks. When everyone stops talking about dead cat bounces I will short the market
Posted on 4/9/20 at 9:39 pm to CheEngineer
What happens in a Live Cat Bounce?
Posted on 4/9/20 at 9:41 pm to JetsCoach
I think that is what is going on now. Nobody knows which way this thing is going.
Posted on 4/10/20 at 8:33 am to Lgrnwd
This rally was built on FOMO, short squeeze, momentum, hope and speculation. No constructive data...ZERO. Prepare to be disappointed if things don't improve soon.
This post was edited on 4/10/20 at 8:36 am
Posted on 4/11/20 at 9:51 am to Tigers4life
quote:
This rally was built on FOMO, short squeeze, momentum, hope and speculation
That is pretty much what every market rally is built on.
And since 2009 you can now add Fed liquidity to that.
Posted on 4/11/20 at 1:30 pm to Lgrnwd
quote:
That is pretty much what every market rally is built on.
My point is....a sustainable bull market is built on earnings and economic expansion/growth. This market is gambling bigger than ever that this will go away quickly or it's a mega bull trap. Either way...we will soon see.
This post was edited on 4/11/20 at 1:44 pm
Posted on 4/11/20 at 3:53 pm to crazycubes
This post was edited on 4/11/20 at 3:54 pm
Posted on 4/11/20 at 4:38 pm to Lgrnwd
I am done trying to predict this market.
I put half of my liquid portfolio in around 2300 and I am waiting to see what happens.
I think we are moving hard EITHER up or down.
I will put the rest in once that happens.
But yes, this rally is not based on any form of logic.
I put half of my liquid portfolio in around 2300 and I am waiting to see what happens.
I think we are moving hard EITHER up or down.
I will put the rest in once that happens.
But yes, this rally is not based on any form of logic.
Posted on 4/11/20 at 5:17 pm to Lgrnwd
These companies have to release earnings and they won’t be good. I think we finish the year at 3000 but it will be a bumpy ride.
Posted on 4/11/20 at 8:16 pm to stout
I found a dollar bill on my lawn today when I was mowing. Powell doing work, I guess. Now I can go buy a stock.
100% true story.
100% true story.
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